About us
Avencia Consulting are recruiting on behalf of a leading Reinsurer based in the City, who are looking to hire a Marine Hull Underwriter to join their team.
Across product lines and geographies, the business focus on three diversified pillars: reinsurance, specialty and bespoke solutions. We are truly diversified. Our long-standing partnerships with capital providers and quota share partners make us nimble. Our breadth of expertise and capabilities deliver outstanding market returns.
The role
Reporting to the Deputy Head of Marine, the primary purpose of the role is to assist in originating, modelling, administering and underwriting a portfolio of (re)insurance business. This includes analysing and maintaining the accuracy of all (re)insurance submission data, policies, and records with the ultimate goal of ensuring that interests are properly managed and protected.
Key accountabilities
- Participate in the underwriting process, evaluation and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language
- Assist and work with risk modeling and pricing tools
- Originate, leverage, build and maintain broker and client relationships
- Monitor market developments and remain current regarding knowledge of all relevant classes of business, and legislated and regulatory changes / requirements
- Ensure accuracy and integrity of underwriting data in group underwriting systems
- Prepare and issue quotes on an accurate and timely basis
- Supervising and/or mentoring junior members of the team
- Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors and regulators as required
- Assist with strategic initiatives as needed to promote business growth
Skills & experience
- Bachelor's degree, preferably in Finance or Mathematics
- Minimum of 5 years' experience in a broking or underwriting capacity in the relevant line of business
- Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings
- Proficient understanding of the International underwriting marketplace
- Excellent analytical skills (testing may be required), with a working knowledge of and ability to interpret the outputs of pricing models, and the statistical skills necessary to perform analyses on first principles
- Proven negotiator, with demonstrated ability to attract new business and retain clients